- Sellers will be charged an early termination penalty fee by their bond holder, should you not give the bank 90 days’ notice of your intention to cancel your bond.
- Make sure you have your FICA documents in order. Proof of residence should not be older than 3 months.
- Before signing an Offer to Purchase (OTP) ensure you get a copy of the agreement from your real estate agent and understand the contents thereof.
- Ensure that you have an income tax number where you earn the required annual income and that your tax is up to date.
- Purchaser’s can approach a bond originator / bank in order to determine the amount of the bond they will qualify for before making an offer to purchase.
- As purchaser you should enquire about bond and transfer fees, this means there are no surprises.
- Sellers can obtain the compliance certificates, so they are ready when requested.
- Sellers should make certain that their building plans are updated, where applicable.
2019-02-15
0 Likes